South African Reserve Bank – DIGIT INFO

Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready

DIGIT — Sat, 21 Jan 2023 07:30:13 +0000

A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed. […]

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Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say

DIGIT — Sat, 30 Jul 2022 10:30:10 +0000

Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into South Africa while growing the country’s burgeoning crypto ecosystem.” Crypto as a […]

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South African exchanges welcome the new ‘crypto is financial asset’ ruling

DIGIT — Thu, 14 Jul 2022 09:54:16 +0000

Major South African exchanges have welcomed the central bank’s plans to regulate cryptocurrencies as financial assets.

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Bitcoin not a currency? South Africa to regulate crypto as financial asset

DIGIT — Wed, 13 Jul 2022 11:19:38 +0000

South Africa’s Reserve Bank will regulate cryptocurrencies as financial assets, and new laws are expected over the next 12 months.

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South Africa finishes technical PoC for wholesale CBDC settlement system

DIGIT — Fri, 08 Apr 2022 07:34:44 +0000

The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs.

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Report: Leading South African Bank Sends Account Termination Notices to Crypto Arbitrage Traders

DIGIT — Sat, 23 Oct 2021 11:30:54 +0000

One of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services. Bank’s Criteria Questioned This move, according to a Mybroadband report, has sent shockwaves through the cryptocurrency industry. The sending of the notices has also raised questions about the criteria that Standard Bank is […]

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Namibia Central Bank to Complete Crypto Study By April 2022 — Governor Says Current Laws Do not Permit Use of Digital Assets

DIGIT — Sun, 25 Jul 2021 19:09:28 +0000

The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use in the country’s laws. Although Gawaxab did acknowledge that cryptocurrencies […]

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South Africa’s central bank begins preliminary study for retail CBDC

DIGIT — Tue, 25 May 2021 13:30:36 +0000

The South African Reserve Bank has begun exploratory studies on central bank digital currencies.

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Another South African Company Reveals Plans to List a Crypto ETF on Local Stock Exchange

DIGIT — Wed, 21 Apr 2021 06:30:36 +0000

Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF. A similar application in 2017 was rejected by JSE on grounds that […]

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SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens”

DIGIT — Sat, 26 May 2018 08:33:50 +0000

Cryptocurrencies don’t meet the requirements of money, according to the South African Reserve Bank which has decided to call them by a different name. It’s one that does not imply either currency or cryptography. “We prefer to use the word ‘cyber-token’,” said a high-ranking official of the central bank in Pretoria, adding another entry into […]

The post SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens” appeared first on Bitcoin News.

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